Claims & Reserving
Flood Risk Follows Record Snowfall in Western New York
Lake-effect snow that killed eight people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with ...
Towers Watson: Insurers Benefit from Proactive Claims Handling
Proactive claims handling is crucial to an insurer's bottom line, according to the latest Towers Watson survey of 35 property/casualty claims officers. The main operational goals of the U.S. P/C ...
Toronto, Worried About Safety & Liability, Seeks Uber Shut-Down
Toronto is asking a court to order the mobile car-booking service Uber Technologies Inc. to shut down in North America's fourth-largest city. Uber has been operating in Toronto since 2012 without a ...
Aon Benfield Places AIG Cover For Massive U.K. Energy Meter Project
Aon Benfield said it has brokered insurance underwritten by AIG that will facilitate the U.K. government's push to install smart energy meter systems around the country by 2020. Specifically, it will ...
Half of U.S. Now Being Hammered By Winter Snow
Here's another reminder of how cold it's been so far this season. Yesterday snow cover across the contiguous 48 states reached 50.4 percent before dropping back to 50.2 today, according to model ...
Marsh Brokers Specialty Insurance for Class-Action Lawsuit Settlements
Marsh is now selling specialty insurance designed to help companies address the cost of class-action lawsuit settlements. Class Action Managing General Agency created the coverage, which is known ...
FHA Mortgage Insurance Fund Erases Shortfall
A U.S. government agency that guarantees millions of mortgages has built up $6.1 billion in capital over the last year, erasing a shortfall experienced in 2013, when its reserves were so low that it ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...